Tag ArchivesGDP

Ben Bierman, MD of Business Partners Limited

SA’s growth engines feeling the weight of economic strain

Business confidence indicators plummeted further in the second quarter of this year as the South African macroeconomic environment remained dire, resulting in increased pressure on small and medium enterprises (SMEs) and their ability to deliver as one of South Africa’s leading growth engines. (more…)

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growthsept14sq

SA economy rebounds from technical recession

By Mamello Matikinca, FNB Senior Economist. South Africa bounced back from a technical recession with GDP expanding 2.5% q/q in 2Q17, slightly above our expectations of 2.1%. (more…)

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ARROW-DOWN

Index shows there’s no escaping the economic gloom

The Momentum / Unisa Household Financial Wellness Index (2016 data) makes for alarming reading, suggesting that a million more people could be unemployed by the end of 2018. (more…)

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Minister Malusi Gigaba

Growth projection may not be realised: Minister Gigaba

SA’s 2017 growth projection of 1.3% may not be realised, Finance Minister Malusi Gigaba said in a speech today. (more…)

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Prof Raymond Parsons

‘Policy uncertainty has become a tax in SA’s economic performance’

‘Two successive quarters of negative economic growth mean that SA experienced a ‘technical recession’ in the six months’ period October 2016 to March 2017 and is officially in recession,” says NWU School of Business and Governance Economist, Prof Raymond Parsons. (more…)

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Treasury

Treasury identifies ‘green shoots’ in economy

South Africa’s Gross Domestic Product (GDP) contracted 0.7 per cent in the first quarter of 2017. (more…)

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gdp

SA GDP numbers worse than expected

By Jason Muscat, Senior Economic Analyst at FNB. South Africa officially entered recession in 1Q17 with a –0.7% q/q contraction, significantly worse than our already bearish expectations of 0% growth. The weakness was incredibly broad-based, with only the agriculture and mining sectors expanding. Without growth in the primary sector, GDP would have contracted by a […]

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IMF Staff Completes 2017 Article IV Visit to South Africa

The staff of the International Monetary Fund (IMF) recently completed a visit to SA.  Here’s what they found. (more…)

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